-LRB- CNN -RRB- Former rap mogul Marion `` Suge '' Knight was charged Monday with murder and other counts in a hit-and-run in Compton , California , last week , according to the Los Angeles County District Attorney 's office .

He is being held without bail and is expected to be arraigned on Tuesday .

Knight , 49 , faces up to life in prison if convicted in the fatal hit-and-run .

He is accused of running over two men and killing one following an argument . The man who died has been identified as Terry Carter , 55 . The second man 's name is Cle Sloan , 51 .

Knight , who was out on bail in a separate robbery case , is charged with with one count of murder , one count of attempted murder , two counts of hit-and-run with an allegation that he committed a serious and violent felony while out on bail , the district attorney 's office said in a statement .

He has prior convictions , `` making this a third strike case , '' it said .

Knight turned himself in to Los Angeles Sheriff 's Department investigators early Friday .

CNN affiliate KCAL-TV and the Los Angeles Times quoted his attorney , James Blatt , as saying Knight feared for his life and was trying to flee when the incident happened .

`` We feel strongly Mr. Knight did not do anything wrong in this matter . He was attacked by a number of individuals ; that has already been corroborated by certain witnesses . He left the scene because he was in fear for his safety and life , '' he said .

Knight founded the wildly successful Death Row Records in 1991 , signing artists such as Snoop Doggy Dogg -LRB- since then known as Snoop Dogg and Snoop Lion -RRB- and Tupac Shakur .

Knight was driving the car in which Shakur was a passenger when the rapper was shot to death in Las Vegas in 1996 .

Shortly afterward , Knight spent several years in prison for violating parole on assault and weapons convictions . That prison time -- along with Shakur 's death , feuds between Knight and a number of rappers and desertions by Dr. Dre , Snoop and others -- contributed to the label 's bankruptcy in 2006 .

In August , Knight and two other people were shot while inside a celebrity-filled Sunset Strip party hosted by singer Chris Brown on the eve of the MTV Video Music Awards .

CNN 's Saeed Ahmed , Steve Almasy and Lisa Respers France contributed to this report .

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Marion `` Suge '' Knight is being held without bail

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He is accused of running over two men and killing one following an argument